While watching this video, you should be aware of the speakers underlying incentives. He represents the largest fixed income fund in the world. Money talks and everything he says reflects a fundamental bias and conflict on interest. At the same time Pimco was pushing the 'new normal' they were buying stocks and starting a new growth equity strategy. 60%+ of US profits are sourced abroad. The 'new normal' is a fiction and should be treated as suspect.
This guy is a REALIST! Could not agree more, who agrees??
MrTazmania121 3 months ago
While watching this video, you should be aware of the speakers underlying incentives. He represents the largest fixed income fund in the world. Money talks and everything he says reflects a fundamental bias and conflict on interest. At the same time Pimco was pushing the 'new normal' they were buying stocks and starting a new growth equity strategy. 60%+ of US profits are sourced abroad. The 'new normal' is a fiction and should be treated as suspect.
numberpuppet 5 months ago
This is the true man in finance sector. We saw too many irrogant and stupid thugs in wall street. They just steal your money.
Structure should do the heavy lifting. Rage that.
shewenhao 6 months ago 2
Dr El-Erian is absolutely right. This is the "new normal.
Elim4ne 7 months ago
Comment removed
253mytube 8 months ago
Would hate to be the guy taking a job interview with this guy!
obaidCarkey 8 months ago 6
Powerful! Thanks!
steadydisciplined 8 months ago